seven listed Bitcoin mining companies have raised a total of $5.2 billion through convertible bonds since June of this year. 70% (or $3.6 billion) of this was raised in the past four weeks. MARA and Core Scientific have raised over $2.4 billion through zero-interest convertible bonds in recent weeks, with MARA alone raising $1.85 billion. The conversion prices for both companies are about 40% higher than the average stock price at the time of issuance.
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Seven public bitcoin miners have raised $5.2 billion in convertible bonds since June
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